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Southern Md Facility, Maryland - Collection Agencies search results Premier Listings

Popular Collection Agencies Terms

Collection agencies collect debts on behalf of businesses like medical centers, banks, and insurance firms. Credit card companies and other private businesses may also hire collection agencies to collect their debts. This is sometimes necessary when a company’s clients fail to pay their loans, bills, and other financial agreements. Mortgages and credit card bills are both two types of financial contracts that are made between two parties. When someone owes money but hasn’t paid in, say, three months, collection agencies may get involved. They charge a fee for their service, but work diligently to settle the debt through phone calls, letters, in-person visits, and legal action if necessary. Once a debt is paid, the collection agency closes out the account or claim. They must adhere to certain state and federal regulations, though, on how to collect a debt. If you need to hire a collection agency for your business, call the firm or visit its website for more information. Also known as credit bureaus and bounty hunters, collection agencies may charge interest rates on the accounts for commercial and residential customers. If you owe a debt collection agency money, you may be able to pay the bill online. It’s helpful to know some popular definitions in the business.

  • Creditor – A business or person to whom money is owed.
  • Skip Tracing – The act of tracking down a person to settle a debt on a financial contract, bill, plan, or other agreement.
  • Asset and Liability Searches – One service offered by collection agencies that allows them to search for assets or liabilities.
  • Pre-collection – A service offered by collection agencies that involves letters and telephone contact before more aggressive forms of collection. The level of pre-collection can be customized by the client.
    Commercial Collection Agency Association
    Arlington Heights, IL 60006
    Your source for Collection Agencies in the Southern Md Facility area. We help you find Collection Agencies for all of your collection needs in and around the Southern Md Facility area.
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    Creditor Claims
    611 Sligo Ave, Silver Spring, MD 20910
    (1) Review Write a review
    (301) 565-2300
    User Review: "Bad place to do business even if they know the debt is bogus because they made the error themselves." - mark (VA)
    R J Zakroff & Associates P C
    4337 Montgomery Ave, Bethesda, MD 20814
    Contact our commercial and residential collections agency. All fees are contingent. We have been involved in the collection industry for 40 years. We handle insurance, medical and retail claims.
    (301) 986-8680
    National Financial Group Corp
    6110 Executive Blvd Ste 100, Rockville, MD 20852
    (1) Review Write a review
    (301) 770-6044
    User Review: "They coninute to call and harrass me even when I tell them I have no business with them. It is a male voice who laughs when..." - Oliver (CA)
    Commerce Credit Service Inc
    5411 Berwyn Rd Ste 202b, College Park, MD 20740
    (301) 345-1891
    Financial Management Solutions
    9001 Edmonston Rd Ste 100, Greenbelt, MD 20770
    (301) 220-1849
    Capitol Collections Inc
    7500 Greenway Center Dr, Greenbelt, MD 20770
    (301) 474-3786
    9658 Baltimore Ave, College Park, MD 20740
    (240) 553-1050
    Glenn Associates Mid Atlantic Inc
    323 Washington Blvd S Ste A, Laurel, MD 20707
    (410) 792-0141
    Decker-Fisher Inc
    12903 Broadmore Rd, Silver Spring, MD 20904
    (301) 384-4668
    Educational Funding Co
    4740 Chevy Chase Dr Ste 200, Chevy Chase, MD 20815
    (301) 654-8677
    Potomac Adjustment Service
    4900 Nicholson Ct, Kensington, MD 20895
    (301) 816-6974
    Aca International Inc
    509 2nd St Ne, Washington, DC 20002
    (202) 547-2670
    Pierce Hamilton & Stern Inc
    6931 Arlington Rd, Bethesda, MD 20814
    (301) 215-4200
    National Recovery
    9520 Berger Rd, Columbia, MD 21046
    (443) 864-4073
    Check Collect LTD
    1340 T St Nw, Washington, DC 20009
    (202) 234-0490

    The businesses referred to as collection agencies specialize in reminding or compelling individuals with outstanding debts to make good on their financial and legal obligations. The collection agency industry acts on the basis of the legality inherent in an individual's credit, but not necessarily as the company to which the money was originally owed. In general, the collection agency field is known for the proactive and potentially antagonistic stance which it typically takes toward people who have not yet settled their credit obligations. One of the main sources of variability in the collection agency field derives from the relationship which the company has to the creditor and the debtor. As a supporting function, an agency can collect payments from a debtor of its parent company. Collection agencies of this kind may also be known as first-party collectors. On the other and, people with outstanding bills are often compelled to pay off their obligations to-called "third party" agencies. The original debtor can allow for this practice by contracting out the right to make good on a debt claim to one of those third parties. Commercial collection agencies will be paid based on a fee or a percentage based on the interest rate involved. Another third-party sector of this field consists of companies which specialize in purchasing the right to compel debtors to settle their bills. Since this financial industry sometimes engages in abusive behavior toward people with unpaid debt plans, the U.S. Congress carried out regulation through the Fair Debt Collection Practices Act (FDCPA). Cornell University's Law School maintains relevant online information. People without sufficient medical insurance to cover their bills, or other financial obligations, can thus learn about the scope and limitations of their rights, and protect themselves more effectively.
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